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Hitech Corporation Ltd (HITECHCORP)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526217 NSE: HITECHCORP Plastic Products | Small Cap | Hitech Corporation Share Price
₹326.75 15.55 (5.00%)
As on 25-Sep'26 16:59
Hitech Corporation Ltd (HITECHCORP)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 526217 NSE: HITECHCORP Plastic Products | Small Cap | Hitech Corporation Share Price
₹326.75 15.55 (5.00%)
As on 25-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹561 Cr.
Current Price
₹326.8
52-Week Low / High
₹112 / 341
TTM EPS
₹10.2
TTM Sales
₹701 Cr.
Book Value per Share
₹169.9
P/E Ratio
31.98
Higher than its 5-year historical median
Industry PE
37.1
Price to Book (P/B)
1.92
Higher than its 5-year historical median
Price to Sales (P/S)
0.80
Higher than its 5-year historical median
EV/EBITDA
8.33
Higher than its 5-year historical median
Dividend Yield
0.31%
Profitability Efficiency
Return on Equity (ROE)
4.83%
Underperforms industry median
Return on Capital Employed (ROCE)
9.69%
In line with industry median
Return on Assets (ROA)
2.28%
Operating Profit Margin
11%
Net Profit Margin
1.59%
Gross Profit Margin
8.7%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-2.2%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
26.47%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
10.51%
Asset Quality
Promoter Holding
74.43%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹275 Cr.
Equity
₹17.2 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 350.50
Check Before You Invest
Quality
Somewhat GoodValuation
Somewhat OvervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Hitech Corporation Ltd a good quality company?
Hitech Corporation Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Hitech Corporation Ltd performance compare with that of its Peers?
Revenue growth of Hitech Corporation Ltd vs industry peers?
Hitech Corporation Ltd revenue CAGR is 16.47%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Hitech Corporation Ltd?
Promoters hold 74.43% of the Hitech Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Hitech Corporation Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hitech Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 14.7% | 10.1% | 9.2% | 13.8% | 7.9% | 12.5% | 20.8% | 16.6% | 13.9% | 7.4% | - |
| Value Creation Index ⓘ | 0.1 | -0.3 | -0.3 | 0.0 | -0.4 | -0.1 | 0.5 | 0.2 | 0.0 | -0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 393 | 367 | 388 | 462 | 460 | 447 | 588 | 559 | 562 | 549 | 642 |
| Sales YoY Gr. | - | -6.5% | 5.8% | 18.9% | -0.4% | -2.8% | 31.6% | -5.1% | 0.6% | -2.2% | - |
| Adj EPS ⓘ | 8.1 | 5.4 | 2.2 | 3.6 | 2.7 | 7.4 | 17.6 | 14.7 | 12.7 | 4.2 | 6.3 |
| YoY Gr. | - | -34% | -59% | 63.6% | -23.9% | 168.6% | 139.1% | -16.7% | -13.6% | -67.2% | - |
| BVPS (₹) ⓘ | 78.9 | 83.9 | 87.3 | 95.7 | 96.3 | 106 | 126.3 | 141.6 | 153.4 | 157 | 164.4 |
| Adj Net Profit ⓘ | 13.9 | 9.2 | 3.8 | 6.2 | 4.7 | 12.6 | 30.2 | 25.2 | 21.8 | 7.2 | 11 |
| Cash Flow from Ops. ⓘ | 41.2 | 37.3 | 42.7 | 85.6 | 56.3 | 64.8 | 72.7 | 69.3 | 54.6 | 47 | - |
| Debt/CF from Ops. ⓘ | 0.9 | 2.9 | 3.8 | 2.1 | 3.2 | 2.2 | 1.3 | 0.9 | 1.3 | 2.3 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 3.8% | 3.6% | -2.3% | -2.2% | ||||
| Adj EPS ⓘ | -7.2% | 8.7% | -38.2% | -67.2% | ||||
| BVPSⓘ | 7.9% | 10.3% | 7.5% | 2.4% | ||||
| Share Price | 6.6% | 7.8% | 12.4% | 70.5% | ||||
Key Financial Parameters ⓘ
| Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 8.9 | 5.9 | 2.6 | 3.9 | 2.9 | 7.3 | 15.2 | 11 | 8.6 | 2.7 | 3.9 |
| Op. Profit Mgn % ⓘ | 11.6 | 9.5 | 9.6 | 11 | 12.8 | 14.3 | 14.6 | 12.7 | 12.6 | 10.9 | 10.5 |
| Net Profit Mgn % ⓘ | 3.6 | 2.5 | 1 | 1.3 | 1 | 2.8 | 5.1 | 4.5 | 3.9 | 1.3 | 1.7 |
| Debt to Equity ⓘ | 0.2 | 0.8 | 1.1 | 1.1 | 1.1 | 0.8 | 0.4 | 0.3 | 0.3 | 0.4 | - |
| Working Cap Days ⓘ | 108 | 130 | 141 | 111 | 94 | 90 | 91 | 120 | 128 | 133 | 40 |
| Cash Conv. Cycle ⓘ | 64 | 72 | 81 | 67 | 55 | 50 | 39 | 39 | 38 | 44 | 2 |
Valuation of Hitech Corporation - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'06 | Mar'07 | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 155 | 180 | 216 | 262 | 345 | 386 | 439 | 460 | 561 |
| Operating Expenses ⓘ + | 68 | 133 | 151 | 184 | 222 | 299 | 340 | 393 | 411 | 500 |
| Operating Profit ⓘ | 15 | 22 | 28 | 32 | 39 | 46 | 46 | 46 | 49 | 62 |
| Operating Profit Margin (%) | 18.4% | 14.3% | 15.8% | 14.6% | 15.1% | 13.4% | 11.9% | 10.5% | 10.6% | 11.0% |
| Other Income ⓘ + | 0 | 2 | 1 | 2 | 2 | 1 | 1 | 2 | 1 | 4 |
| Interest ⓘ | 3 | 6 | 8 | 10 | 9 | 12 | 18 | 18 | 17 | 16 |
| Depreciation ⓘ | 5 | 9 | 9 | 9 | 9 | 13 | 15 | 17 | 18 | 36 |
| Profit Before Tax ⓘ | 7 | 10 | 13 | 15 | 24 | 22 | 14 | 13 | 13 | 12 |
| Tax ⓘ | 2 | 2 | 2 | 4 | 8 | 6 | 3 | 2 | 5 | 3 |
| Profit After Tax | 5 | 8 | 11 | 11 | 16 | 16 | 10 | 10 | 8 | 9 |
| PAT Margin (%) | 6.1% | 5.1% | 5.9% | 5.0% | 6.0% | 4.7% | 2.7% | 2.4% | 1.8% | 1.6% |
| Adjusted EPS (₹) | 4.1 | 5.6 | 6.8 | 7.7 | 11.3 | 10.9 | 8.1 | 6.9 | 4.8 | 5.2 |
| Dividend Payout Ratio (%) | 19.70% | 14.30% | 14.80% | 14.20% | 13.20% | 14.60% | 19.80% | 23.30% | 18.70% | 19.20% |
| PARTICULARS | Mar'06 | Mar'07 | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 16 | 30 | 38 | 54 | 68 | 80 | 88 | 95 | 100 | 271 | |
| Debt + | 29 | 49 | 54 | 50 | 70 | 82 | 104 | 89 | 77 | 95 | |
| Minority Interest | 5 | 5 | 11 | 15 | 22 | 28 | 28 | 29 | 31 | 0 | |
| Trade Payables | 3 | 6 | 7 | 9 | 13 | 17 | 14 | 17 | 20 | 26 | |
| Others Liabilities ⓘ | 10 | 6 | 9 | 12 | 34 | 35 | 31 | 35 | 39 | 126 | |
| Total Liabilities ⓘ | 63 | 96 | 119 | 139 | 207 | 242 | 265 | 264 | 267 | 518 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 28 | 42 | 55 | 65 | 79 | 113 | 127 | 147 | 135 | 288 | |
| CWIP ⓘ | 1 | 5 | 1 | 6 | 19 | 7 | 6 | 1 | 1 | 13 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Inventories | 10 | 14 | 18 | 19 | 27 | 42 | 38 | 27 | 34 | 51 | |
| Trade Receivables | 14 | 26 | 32 | 33 | 46 | 58 | 62 | 61 | 73 | 55 | |
| Cash Equivalents | 1 | 2 | 2 | 4 | 6 | 6 | 9 | 6 | 3 | 2 | |
| Others Assets ⓘ | 9 | 8 | 10 | 13 | 30 | 16 | 23 | 21 | 20 | 107 | |
| Total Assets ⓘ | 63 | 96 | 119 | 139 | 207 | 242 | 265 | 264 | 267 | 518 | |
| PARTICULARS | Mar'06 | Mar'07 | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 14 | 8 | 17 | 29 | 21 | 21 | 33 | 58 | 30 | 48 |
| Cash Flow From Investing Activity ⓘ + | -10 | -28 | -22 | -17 | -34 | -37 | -33 | -26 | -6 | -62 |
| Cash Flow From Financing Activity ⓘ + | -4 | 20 | 5 | -11 | 16 | 16 | 3 | -34 | -27 | 14 |
| Net Cash Flow ⓘ | -0 | 0 | 0 | 2 | 2 | -0 | 3 | -2 | -3 | 0 |
| PARTICULARS | Mar'06 | Mar'07 | Mar'08 | Mar'09 | Mar'10 | Mar'11 | Mar'12 | Mar'13 | Mar'14 | Mar'25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 34.67 | 33.73 | 31.29 | 23.57 | 25.84 | 21.9 | 12.41 | 11.37 | 8.33 | 4.83 |
| ROCE (%) | 24.76 | 24.92 | 24.17 | 25.57 | 26.64 | 22.27 | 16.43 | 15.27 | 15.63 | 9.69 |
| Asset Turnover Ratio | 1.73 | 2.23 | 1.92 | 1.88 | 1.63 | 1.67 | 1.65 | 1.83 | 1.91 | 1.43 |
| PAT to CFO Conversion(x) | 2.8 | 1 | 1.55 | 2.64 | 1.31 | 1.31 | 3.3 | 5.8 | 3.75 | 5.33 |
| Working Capital Days | ||||||||||
| Receivable Days | 44.70 | 40.80 | 51.30 | 48.90 | 51 | 50.60 | 52.40 | 46.70 | 48.50 | 41.50 |
| Inventory Days | 32.50 | 24.90 | 28.80 | 27.90 | 29.80 | 33.90 | 35.10 | 24.60 | 21.90 | 27.60 |
| Payable Days | 26.90 | 19.30 | 23.20 | 21.80 | 27.40 | 27.90 | 25.40 | 20.80 | 23.20 | 24.60 |
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Hitech Corporation Ltd FAQs
The current trading price of Hitech Corporation on 25-Sep-2026 16:59 is ₹326.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 24-Sep-2026 the market cap of Hitech Corporation stood at ₹561.2 Cr
The latest P/E ratio of Hitech Corporation as of 24-Sep-2026 is 51.94.
The latest P/B ratio of Hitech Corporation as of 24-Sep-2026 is 1.99.
The 52-week high of Hitech Corporation is ₹341.2 and the 52-week low is ₹112.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Hitech Corporation is ₹642 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Hitech Corporation Ltd is a average quality company.
The key valuation ratios of Hitech Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Hitech Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Hitech Corporation Ltd
Hitech Corporation, founded in 1991, has steadily emerged as a leading conglomerate in India’s rigid plastic packaging sector. The company operates with a deep-rooted commitment to fostering innovation, precision and customer satisfaction. Its wide-ranging product solutions serve critical industries including paints and coatings, lubricants, construction and specialty chemicals, agrochemicals, food and beverage and personal care. Backed by a robust network of several advanced manufacturing units and a workforce of over thousands of skilled professionals, it delivers to thousands of clients nationwide.
It is one of India's leading providers of rigid plastic packaging solutions, with a legacy of over decades. Over the years, it has continued to evolve to meet the dynamic needs of diverse industries, ranging from FMCG and agrochemicals to pharmaceuticals, lubricants, paints, home care and personal care. Its focus on innovation, quality and customer-centricity enables it to deliver specialised, high-performance packaging solutions tailored to each sector's unique requirements.
Its state-of-the-art manufacturing facilities are located across strategic locations in India and equipped with advanced moulding technologies and modern infrastructure that ensure both efficiency and precision. At the heart of its innovation engine is its dedicated Technology Centre, which anchors its 360-degree service model, spanning concept development, design, prototyping and execution. This collaborative ecosystem brings together skilled professionals, designers and engineers to co-create unique, leak-proof, ergonomic and sustainable packaging solutions which increase the value of the end product.
Business area of the company
The company is engaged in manufacturing of rigid plastic packaging products specially catering to customers relating to paints, lube, agro chemical, FMCG, personal and health care and home care product as well as export market.
Product categories of the company
- Agro Chemicals
- Dairy
- Construction Chemicals
- Paints
- Personal Care
- Food & Beverage
- Home Care
- Pharmaceuticals
History and milestones
- 1991: Incorporated as Hitech Corporation, it begins its journey as a rigid plastic packaging manufacturer with the aim of delivering high-quality, innovative, and sustainable packaging solutions.
- 1992: It laid the foundation of its manufacturing presence with its first facility at Sanaswadi.
- 1993: IPO of the company on the Bombay Stock Exchange
- 1994: It became pioneers in introducing Dry Offset Printing for plastic containers in India.
- 2001: Acquired 51% stake in Multitech Plast Containers Ltd.
- 2003: Acquired shares in Clear Plastics Group of Companies, specialists in Blow Moulding Technology.
- 2005: Merged Multitech Plast Containers Ltd with Hitech Corporation.
- 2006: Acquired shares in Mipak Polymers Ltd, known for its expertise in Injection Stretch Blow Moulding Technology.
- 2007: Listed on the National Stock Exchange.
- 2010: Its Rohtak unit commenced commercial production.
- 2013: Commissioned a new manufacturing unit in Khandala, Maharashtra.
- 2015: Merged Clear Mipak Polymer Solutions Ltd with the company
- 2016: Established a not-for-profit foundation, ‘Sab Ka Mangal Ho’, dedicated to promoting wellness through healthcare drives, natural resource management projects, yoga and value-based education at orphanages, all aimed at creating a better world for people and the planet.
- 2018: Commissioned a new facility in Mysuru.
- 2019: Another milestone with a new manufacturing unit in Vizag.
- 2020: Introduced pad printing technology to enhance the quality of print and labelling in packaging.
- 2021: Upgraded its capabilities in multi-cavity moulds to accelerate production cycles, and further advanced its mould development for caps and closures.
- 2022: Began in-house design and validation of drums/ containers for personal care and cosmetic segments at its Technology Centre.
- 2023: Integrated solar energy across its plants, reinforcing its commitment to green energy and sustainable practices.
- 2024: Commissioned a new facility in Dahej, Gujarat for the manufacture of large drums. It was also recognised as Certified Green Channel Partners by select customers.
- 2025: Acquired Thriarr Polymers Pvt Ltd., specialising in manufacturing of thermosets and thermoplastics. Also incorporated Hitech Global Inc in US, an extended arm for global marketing.
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